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The Latest Breaking News on Real Estate

Yes, Australia needs new homes – but they must be built to withstand disasters in a warmer world

Australia’s housing crisis has created a push for fast-tracked construction. Federal, state and territory governments have set a target of 1.2 million new homes over five years.

The Conversation

CFMEU members storm the offices of Queensland Council of Unions – as it happened

This blog is now closed

The Guardian - AU

New Homebuilder Sentiment Report Drops Sharply As Builders Lose Confidence

The National Association of Home Builders says builders remain pessimistic about a recovery in the next six months.

International Business Times

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Wages slowdown boosts case for more rate cuts

Treasurer Jim Chalmers says ongoing growth in real wages is a good thing, but the RBA will be more encouraged that wage rises are showing signs of slowing.

AAP

Almost one London home in thirty is now a short term let finds new survey

New study finds there are now 117,000 homes listed for short-term let across London

Evening Standard

Scotland could learn from Wales on council tax reform, says expert

Scotland could learn from the Welsh Government’s plans for council tax reform, an academic has said.

The National (Scotland)

Architects warn post-Brexit visa rules hindering recruitment

Firms want review of decision to remove architecture from shortage occupation list and raise salary threshold

The Guardian - UK

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RBA reduces interest rates, but don’t hold your breath for too much more this year

The path of the economy and inflation in the year ahead will dictate the timing of any future cuts to interest rates

The Guardian - AU

Labor and Coalition welcome RBA interest rate decision as governor plays down chance of more cuts

Households with a $750,000 loan to see their monthly repayments reduce by $115 if their banks adjust mortgage rate accordingly

The Guardian - AU

Slight relief for borrowers after RBA slashes rates

The Reserve Bank's decision to cut interest rates by 25 basis points offers mortgage holders slight respite, but many are hoping for more substantial changes.

AAP

HUD Launches Task Force To Eliminate Waste And Abuse

HUD establishes DOGE task force to eliminate waste, recover funds, and promote fiscal responsibility across government agencies.

Top News

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The Independent UK

China's Xi promises policy stability at meeting with business leaders, including Alibaba's Jack Ma

China’s President Xi Jinping has met with private sector business leaders, offering them assurances that policies regarding the private sector would not change, state media reported

The Guardian - UK

A new start after 60: I got divorced, became a lawyer – and began fighting for other women

After a spell as Isabella Rossellini’s hand model, Elizabeth Barbour went to law school at 54. Now, she is working on 50 domestic violence cases and says her career is a privilege, not a job

The Independent UK

Australia bans foreigners from buying homes to tackle surging property prices

Housing affordability is a major issue in Australia, especially for young voters

AAP

Dutton prays for rate cut as RBA enters conclave

Economists say a major reduction in mortgage rates this year is unlikely, even though the Reserve Bank board is widely tipped to deliver a cut on Tuesday.

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The Guardian - UK

The Guardian view on new housing: Labour must not let builders dictate terms

Editorial: The lack of affordable homes to buy and rent is a serious injustice. Ministers must fight for plans that put people first

The Independent UK

Labour’s ‘decade of renewal’ risks being a house without foundations

THE INDEPENDENT VIEW: Editorial: The construction industry tells The Independent there aren’t the workers to fulfil Labour’s new homes scheme. The government will need to make some politically difficult decisions to support the sector

The Guardian - AU

Australia building half as many homes for every hour worked compared with 30 years ago, Productivity Commission finds

‘Decades of poor performance’ in dwelling construction is contributing to the housing affordability crisis, report says

Top News

HUD Launches Task Force To Eliminate Waste And Abuse

HUD's DOGE Task Force aims to recover funds, enhance efficiency, and combat waste in government agencies.

Evening Standard

Cash-strapped London council paid builders £400k after boat-dwellers delayed work on £6bn housing project

Exclusive: Cash-strapped Enfield Council paid between £300k and £400k in compensation due to delays to the Meridian Water Regeneration Project

The Guardian - UK

Most of UK’s big build-to-rent developers owned by foreign private equity firms

Common Wealth thinktank says Labour should control profits made by ‘institutional investors’

AAP

New homes and land banking off-limits to foreign buyers

Established homes will be off-limits and foreign owners will be forced to develop vacant land under new measures announced to improve housing supply.

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